Kitchener-Waterloo Scale-Up Makes List for Second Year in a Row with 138 Percent Revenue Growth
KITCHENER, NOVEMBER 16, 2016 — Igloo Software today announced it has again been named to Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. A leading provider of cloud-based modern intranet solutions, Igloo grew 138 percent between 2012 and 2015.
Igloo CEO Dan Latendre credits the rise of the digital workplace, including trends such as a widening generation gap, BYOA (Bring Your Own App), the war for talent, and an increasingly remote workforce, with the company’s continued revenue growth.
“Innovative companies are turning to digital workplace strategies as a way of retro-fitting modern tools and technology into their current infrastructure, as they brace for the next wave of challenges ahead,” Latendre said. “By doing so, these organizations put their existing knowledge and expertise in context, while staying ahead of trends that threaten their competitive advantage.”
“Today, then every organization can be a tech company, the most effective businesses not only foster the courage to explore change, but also encourage creativity in using and applying existing assets in new ways, as resourcefully as possible,” said Anders McKenzie, Technology, Media and Telecommunications Managing Partner for Deloitte in Canada “This ingenious approach to innovation calls for the encouragement of curiosity and collaboration both within and outside the office walls.”
Overall, 2016 Technology Fast 500 companies achieved revenue growth ranging from 121 percent to 66,661 percent from 2012 to 2015, with an average growth rate of 290 percent.
The recognition by Deloitte comes on the heels of several other notable awards for Igloo Software, including being recently named Best Intranet Software for 2016 by CMS Critic and a TMT Technology Award for Most Cutting-Edge Cloud Hosted Intranet Solution.
For more information on managing your company’s digital transformation, download Igloo’s most recent whitepaper A CIO’s Guide to the Unified Digital Workplace.
About Deloitte’s 2016 Technology Fast 500™
Technology Fast 500™ provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2012 to 2015.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 or USD, and current-year operating revenues of at least $5 million or USD. Additionally, companies must be in business for a minimum of four years, and be headquartered within North America.
About Igloo Software
Igloo is a modern intranet, connecting people with the information they need to do their best work. We help fast-growing business and large enterprises design people-powered digital destinations that increase employee engagement, agility, and productivity across their organizations. Put simply, Igloo is a better way to power your digital workplace.
For more information, please contact:
Rhiannon Clifford, PR Manager
(519) 489-4120 x 494